The civil aviation ministry has raised two key concerns regarding the proposals accompanying the Rs 2,060 crore Jet-Etihad deal. Of these, a plan cited by the carriers to shift some of the operational departments of Jet Airways to Abu Dhabi, which in effect would mean moving the 'place of business' for Jet out of India, has been specifically objected to by the ministry.
The objections raised by the ministry are over and above the issue flagged by the corporate affairs ministry and the Securities and Exchange Board of India (Sebi) pertaining to the effective control of the airline by the Abu Dhabi-based carrier with just a minority stake.
"We have raised concerns over Jet Airways' plan to shift key operational departments like network planning and others out of India over a period. This could eventually mean a change in place of business and we are not inclined to allow this," said a senior civil aviation ministry official.
17/06/13 Mihir Mishra/Indian Express
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The objections raised by the ministry are over and above the issue flagged by the corporate affairs ministry and the Securities and Exchange Board of India (Sebi) pertaining to the effective control of the airline by the Abu Dhabi-based carrier with just a minority stake.
"We have raised concerns over Jet Airways' plan to shift key operational departments like network planning and others out of India over a period. This could eventually mean a change in place of business and we are not inclined to allow this," said a senior civil aviation ministry official.
17/06/13 Mihir Mishra/Indian Express
